Deals12 Oct 2026, 09:46 am
Rajesh Power Services Secures ₹471.92 Cr Order from MGVCL
AI Summary
Rajesh Power Services Ltd has received orders from Madhya Gujarat Vij Company Limited (MGVCL) for the conversion of 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and underground network in Gujarat under the MGVCL SI Scheme Robust-III. The total value of these turnkey contracts is ₹471.92 Crores (including taxes) and are to be executed within 18 months. This order falls within the normal course of business and does not involve any promoter or group company interests.
Key Highlights
- Received orders worth ₹471.92 Crores from MGVCL.
- Contracts involve conversion to MVCC and underground network.
- Execution period for the orders is 18 months.
- Orders are for domestic turnkey projects.
- No promoter or group company interest involved.
Price Impact
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